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You are reviewing your client's Multicurrency company Balance Sheet, and the balance as of the previous fiscal year - end for their US bank account,
You are reviewing your client's Multicurrency company Balance Sheet, and the balance as of the previous fiscal yearend for their US bank account, which they closed last year, is a $ debit balance in Canadian dollars the home currency However, the US dollar balance correctly indicates the account has been closed.
Select reasons why this would be the case or how to remedy it
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